Is following the stock market interesting to you?

Does predicting the value of futre retirement funds appeal to you?

Are you interested in working in a challenging field?

If so, a career in Pension Administration may be for you!

What is Pension Administration?
Pension administration is the act of performing various types of yearly service on an organizational retirement plan.  The basic purpose of Pension Administration is to insure that a retirement plan does not discriminate against lower level employees while also insuring that the plan is not used as an abusive tax shelter.  Yearly pension administration work involves filing a Form 5500 with the Internal Revenue Service.  There are professional designations available to those who perform this work, such as those offered by the American Society of Pension Professionals and Actuaries.  Pension Administration firms more often than not rely on financial brokers.  In addition to the Internal Revenue Service, organizational retirement plan operation and maintenance falls under the regulation of the United States Department of Labor.  Pension administration firms operate in several different ways.  Possibly the most common form is the third-party administrator, (TPC).  The third-party administrator is an independent firm that does not sell investment products.

Occupational Outlook for Pension Administration
Individuals employed in the areas of Compensation, Benefits, and Job Analysis Specialists conduct programs of compensation, benefits and job analysis for an employer.  These individuals may specialize in specific areas, such as position classification and pension programs.

Sample of reported job titles:  Compensation Analyst, Human Resources Specialist (HR Specialist), Human Resources Analyst, Personnel Specialist, Benefits Analyst, Benefits Specialist, Benefits Administrator, Benefits Manager, Human Resources Generalist, Compensation/Benefits Specialist.

The Kansas Department of Labor expects jobs in this area to increase by 22.7% from 2006 through 2016.  The average rate of pay per hour is $22.78.

<faculty> <partnerships> <students>

Go to Sidebar Content